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U.S. job openings post biggest drop in more than four years

reuters.com

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Re: U.S. job openings post biggest drop in more than four years

#81

Post by deevolution »

skrowl wrote: post #11

All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.

stock indexes aren't necessarily a great indicator of how well PEOPLE are doing. The stock market has mostly rallied due to massive stock buybacks and the FED which means that companies are choosing to buy stocks rather than make investments in actual R&D, employment, their workers, innovation, and their future. the 99% aren't seeing any benefits from ATH stock indexes.

Re: U.S. job openings post biggest drop in more than four years

#82

Post by ChrisLomont »

skrowl wrote: post #11

All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.

>Consumer confidence 20 year high.

It's not even at a 1-year high [1,2,3].

Reuters also reported on consumer confidence, stock index prices, and the USMCA, so maybe they're only reporting the news.

[1] https://tradingeconomics.com/united-states/consumer-confiden...

[2] https://www.marketwatch.com/story/consumer-sentiment-index-t...

[3] https://seekingalpha.com/article/4315169-weekly-economic-rel...

Re: U.S. job openings post biggest drop in more than four years

#83

Post by johnward »

CameronNemo wrote: post #65
johnward wrote: post #38

Earlier quoted context omitted.

If I read this correctly it suggests that these weren't jobs filled by unemployed people. More like they are no longer needed.

Trying to glean rationale of a large and diverse group of firms is difficult. I'm not sure I can arrive to that conclusion so easily. Can you explain your reasoning further? I am quite curious.

I didn't do some kind of deep analysis. I just saw that separations rates were unchanged. I Googled the unemployment rate at the same time and it's unchanged. So I made some assumption, possibly not a very good one, that those jobs were not filled by employed or unemployed people.

Re: U.S. job openings post biggest drop in more than four years

#84

Post by thrower123 »

erikpukinskis wrote: post #17
joelbluminator wrote: post #14

I actually kinda want the stock market to crash although all of my money is in it. At least we'd all stop worrying about when it's gonna crash once it has and move on with our lives :)

A coworker told me he thinks as long as people think it might crash it won’t crash.

As long as there are huge piles of cash floating around looking for something to be invested in, it's not going to crash. Everybody buys into every little dip, on the assumption that it'll go back to where it was, and they will make some money. Because they do this, it does go back up to where it was, or a little higher, and the piles of money get bigger.

Re: U.S. job openings post biggest drop in more than four years

#85

Post by ChrisLomont »

grecy wrote: post #73
Turing_Machine wrote: post #32

Earlier quoted context omitted.

> high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings. This is absolutely not true. Most pension plans are at least partially invested in stocks.

And what percentage of the poorest 50% of Americans have even $5,000 in any kind of retirement savings?

And what percentage of those people are not bottom 50% by the time they retire? Wealth is not a lifetime static number.

It's easy to google median wealth by age and see how people add wealth over a lifetime.

Re: U.S. job openings post biggest drop in more than four years

#86

Post by AznHisoka »

erikpukinskis wrote: post #17
joelbluminator wrote: post #14

I actually kinda want the stock market to crash although all of my money is in it. At least we'd all stop worrying about when it's gonna crash once it has and move on with our lives :)

A coworker told me he thinks as long as people think it might crash it won’t crash.

Or the crash may be a slow burn crash. Like bitcoin. Heck after 2.5 years, the price is still 50% higher than it was.

Re: U.S. job openings post biggest drop in more than four years

#87

Post by zelly »

erikpukinskis wrote: post #17
joelbluminator wrote: post #14

I actually kinda want the stock market to crash although all of my money is in it. At least we'd all stop worrying about when it's gonna crash once it has and move on with our lives :)

A coworker told me he thinks as long as people think it might crash it won’t crash.

This is correct. Neither the public nor the majority of economists have ever been able to predict a stock market crash. Price only crashes when reality falls short of expectations. The fear is priced in. As long as everyone is expecting a crash, virtually no news can be worse than $(calamity causing event) which seemingly is anticipated.

Re: U.S. job openings post biggest drop in more than four years

#88

Post by akvadrako »

lame-robot-hoax wrote: post #72
skrowl wrote: post #11

All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.

Good god, is this supposed to be ironic? Imagine trying to paint Reuters as biased. Next thing you’ll be telling me that the Associated Press is biased as well. And really? USMCA? You mean NAFTA 2.0? Imagine acting like “passing” USMCA has any meaning. It’s just NAFTA. Tell me when we pass the TPP. Oh wait, we messed up and now that ship has sailed without us. This is news whether you like it or not. Sorry, there is…

Most news organizations are biased one way or another. About 90% of reporters are left of center, that probably also applies to Reuters.

They do keep the spin to a minimum, I’ll give them that.

Re: U.S. job openings post biggest drop in more than four years

#89

Post by knz »

o_p wrote: post #76

What a bs title, U.S. job opening post second biggest drop in more than five years, doesnt sound as scary I guess

Why stop at five years? How does this compare to job openings in 1776?

More seriously, bounds have to be set on a comparison like this for it to have relevance.

https://en.m.wikipedia.org/wiki/Stock_market_cycles#Short_te... suggests that "Cyclical cycles generally last 4 years, with bull and bear market phases lasting 1–3 years, while Secular cycles last about 30 years with bull and bear market phases lasting 10–20 years."

Assuming this is true or widely accepted by economists, four years seems like an appropriate length of time for a comparison such as this.

Re: U.S. job openings post biggest drop in more than four years

#90

Post by sneakernets »

drcross wrote: post #51
sneakernets wrote: post #45

Earlier quoted context omitted.

Pensions as we know them won't exist in five to ten years.

Could you elaborate please? Genuinely interested to hear your take.

No unions and privatizing government jobs = no pensions.
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